Nikkei tumbles as data fans gloom about global economy

July 20, 2012|Reuters

TOKYO, July 20 (Reuters) - Japan's Nikkei share averagetumbled 1.4 percent on Friday as investors took profits afterbetter-than-expected stateside earnings failed to dispelpessimism about a creaking global economy on the back ofdisappointing U.S. data. The Nikkei closed at 8,669.87, while the broader Topix index sank 1.8 percent, its biggest loss in six weeks, to733.82.